Shah Foods MD, chairman, board of directors and AGM
BSE: 519031Food ProductsSmall Cap
Share price at the BSE close on 23 Oct 2026. Previous close ₹329.95.
- Market capMarket capitalisation. Share price times the number of shares: what the whole company is worth at the day's price. The rank is by average market value over the six months to Jun 2026, among listed companies.
- ₹767 Cr4,670th largest listed
- P/EPrice to earnings, trailing. Market cap divided by the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, after the share of the other owners of its subsidiaries: what investors pay for each rupee of a year's profit.
- Lossover the last 12 months
- P/BPrice to book. Market cap divided by the net worth that belongs to the company's own shareholders, its assets less everything it owes and less the other owners' share of its subsidiaries, on its latest balance sheet. The filing of 3 Jun 2026
- 4.4
- Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price.
- Nonein the last 12 months
- ROEReturn on equity. Profit over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, as a percentage of their net worth, the money they have in the business. Net worth is the latest balance sheet's; the one a year before is not on record. The filing of 14 Aug 2026
- −0.1%
- ROCEReturn on capital employed. Operating profit after depreciation (revenue less operating expenses and depreciation, without other income and one-off items) as a percentage of all the money the business runs on: the whole group's net worth, the other owners of its subsidiaries included, plus borrowings. Lease liabilities are not counted: the results filings do not state them. The profit is over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly); net worth and borrowings are on the latest balance sheet. The filing of 14 Aug 2026
- −0.1%
- Debt to equityDebt to equity. Borrowings divided by the whole group's net worth, the other owners of its subsidiaries included: rupees borrowed for each rupee of equity in the business. Lease liabilities are not counted: the results filings do not state them. From the balance sheet at the end of Mar 2026. The filing of 3 Jun 2026
- 0.00
- Volume, BSEVolume. Shares traded on the last trading day.
- 3
Shah Foods board of directors
At the end of the quarter to Jun 2026, as the company filed it; changes since are in its announcements.Their trades in its shares
- Chairperson and managing directorHemakshi Manan Patel
- Company Secretary and Compliance OfficerVishal Jha
5 directors3 independent2 executive
- Hemakshi Manan Patel · Chairperson and managing directorExecutive · joined Jan 2024 · 29 months as independent · 1 listed board
- Manan Rajesh PatelExecutive · joined Nov 2023 · 31 months as independent · 1 listed board
- Rohitkumar Mehrchand BhandariIndependent · joined Jan 2024 · 29 months as independent · 1 listed board · 1 as independent · 2 committee seats
- Advait Satyavikas JoshiIndependent · joined Jan 2024 · 29 months as independent · 1 listed board · 1 as independent · 2 committee seats, 2 as chair
- Balveermal Kewalmal SinghviIndependent · joined Sep 2024 · 21 months as independent · 7 listed boards · 7 as independent · 3 committee seats, 3 as chair
An independent director has no business or family tie to the company, its promoters or its managers beyond the seat. Listed boards counts the boards of listed companies the director sits on, this one included, and "as independent" how many of those seats are independent ones. Committee seats are audit and stakeholder committee seats across those companies. Months as independent is filed for independent directors only, whose terms the rules cap. Disqualified is the company's own mark that a director may not serve under company law.
Committees and meetings
Who sits on each, and how often they met.Board meeting notices and outcomes
Board
- 3 Jun 20265 of 5 present3 independent · 112 days in between
- 10 Feb 20265 of 5 present3 independent · 18 days in between
- 22 Jan 20265 of 5 present3 independent
Audit Committee
Chair Advait Satyavikas Joshi
Rohitkumar Mehrchand Bhandari, Balveermal Kewalmal Singhvi
- 8 May 20263 of 3 present3 independent · 38 days in between
- 30 Mar 20263 of 3 present3 independent
Nomination and remuneration committee
Chair Advait Satyavikas Joshi
Rohitkumar Mehrchand Bhandari, Balveermal Kewalmal Singhvi
- 8 May 20263 of 3 present3 independent · 38 days in between
- 30 Mar 20263 of 3 present3 independent
Stakeholders Relationship Committee
Chair Advait Satyavikas Joshi
Rohitkumar Mehrchand Bhandari, Balveermal Kewalmal Singhvi
- 8 May 20263 of 3 present3 independent · 38 days in between
- 30 Mar 20263 of 3 present3 independent
Meetings in the quarter filed and the one before it. The days in between are as the company files them, neither meeting's day counted; the rules allow at most 120. A quorum is the least number of members who must attend for the meeting to decide anything.
Statutory auditor
Named in the results for the quarter to Mar 2026.
- M/s Keshri & AssociatesPeer-review certificate valid to Mar 2027
A statutory auditor checks the company's accounts and signs its results. Peer review is the accountants' institute's check of an audit firm's own work, which a listed company's auditor must hold a valid certificate of.
Shah Foods AGM and shareholder votes
Each resolution, how the votes went, and how institutions voted apart from the promoters. A postal ballot is a vote by post or online, held without a meeting.Shah Foods dividend history
Annual general meeting, 30 Sep 2026
1,151 shareholders on the register on 23 Sep 2026; present: 8 promoters and 21 others; votes counted by M R Goenka / MR & Associates.The company's voting result (opens in a new tab)
- Adoption of Standalone Audited Financial Statements of the Company for the financial year ended on March 31, 2026 together with the Reports of the Board of Directors and Auditors thereon.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 76.17% · promoters 94.95% · institutions 0.00% · other public 33.59%
- Adoption of Consolidated Audited Financial Statements of the Company for the financial year ended March 31, 2026 and Reports of Auditors thereonOrdinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 76.17% · promoters 94.95% · institutions 0.00% · other public 33.59%
Re-appointment of Mr. Anuj Jalan (DIN: 02525506), Managing Director, who retires by rotation in terms of Section 152(6) of the Companies Act, 2013 and being eligible, has offered himself for reappointmentMoreLess
OrdinaryPromoters have an interest in it100.00% for0.00% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 20.02% · promoters 14.03% · institutions 0.00% · other public 33.59%
- Re-appointment of Mr. Raj Kumar Jalan (DIN: 07875364), who retires by rotation and being eligible, offers himself for re-appointment as a DirectorOrdinaryPromoters have an interest in it100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 20.02% · promoters 14.03% · institutions 0.00% · other public 33.59%
- Increase In Authorised Share Capital and Consequent Alteration of Memorandum of AssociationOrdinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 76.17% · promoters 94.95% · institutions 0.00% · other public 33.59%
- To Consider and approve Issue of Convertible Warrants on Preferential Basis to the PromoterSpecial100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 76.17% · promoters 94.95% · institutions 0.00% · other public 33.59%
- Appointment Of M/s. MR & Associates, Company Secretaries, As a Secretarial Auditor of the CompanyOrdinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 76.17% · promoters 94.95% · institutions 0.00% · other public 33.59%
To take note of the observations of the monitoring agency in relation to utilisation of the proceeds of the preferential issue and to approve / confirm, to the extent applicable, certain related party transactions undertaken by Tandhan Power Technologies Private LimitedMoreLess
OrdinaryPromoters have an interest in it100.00% for0.00% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 76.17% · promoters 94.95% · institutions 0.00% · other public 33.59%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Postal ballot, 17 Aug 2026, 10 resolutions
1,097 shareholders on the register on 10 Jul 2026; votes counted by M R Goenka / MR & Associates.The company's voting result (opens in a new tab)
- APPOINTMENT OF MR. ANUJ JALAN (DIN: 02525506) AS CHAIRMAN AND MANAGING DIRECTOR OF THE COMPANY FOR A TERM OF 3 (THREE) YEARS WITH EFFECT FROM 08TH JULY 2026SpecialPromoters have an interest in it100.00% for0.00% against
Against: promoters 0.00% · other public 0.00%
Turnout: all 18.17% · promoters 0.00% · other public 100.00%
- APPOINTMENT OF MR. RAJ KUMAR JALAN (DIN: 07875364) AS EXECUTIVE DIRECTOR OF THE COMPANY WITH EFFECT FROM 08TH JULY 2026SpecialPromoters have an interest in it100.00% for0.00% against
Against: promoters 0.00% · other public 0.00%
Turnout: all 18.17% · promoters 0.00% · other public 100.00%
- APPOINTMENT OF MR. DAIVIK JALAN (DIN: 10808174) AS NON-INDEPENDENT NON-EXECUTIVE DIRECTOR OF THE COMPANY WITH EFFECT FROM 08TH JULY 2026SpecialPromoters have an interest in it100.00% for0.00% against
Against: promoters 0.00% · other public 0.00%
Turnout: all 18.17% · promoters 0.00% · other public 100.00%
- APPOINTMENT OF MS. PRAGATI GOEL (DIN: 10447667) AS INDEPENDENT NON- EXECUTIVE WOMEN DIRECTOR OF THE COMPANY FOR A TERM OF 5 (FIVE) YEARS WITH EFFECT FROM 08TH JULY 2026Special100.00% for0.00% against
Against: promoters 0.00% · other public 0.00%
Turnout: all 100.00% · promoters 100.00% · other public 100.00%
- APPOINTMENT OF MR. GIRI RAJ PARASHAR (DIN: 10491076) AS INDEPENDENT NON-EXECUTIVE DIRECTOR OF THE COMPANY FOR A TERM OF 5 (FIVE) YEARS WITH EFFECT FROM 08TH JULY 2026Special100.00% for0.00% against
Against: promoters 0.00% · other public 0.00%
Turnout: all 100.00% · promoters 100.00% · other public 100.00%
- APPOINTMENT OF MR. SHIVAM GUPTA (DIN: 07690975) AS INDEPENDENT NON- EXECUTIVE DIRECTOR OF THE COMPANY FOR A TERM OF 5 (FIVE) YEARS WITH EFFECT FROM 08TH JULY 2026Special100.00% for0.00% against
Against: promoters 0.00% · other public 0.00%
Turnout: all 100.00% · promoters 100.00% · other public 100.00%
- APPROVAL UNDER SECTION 185 OF THE COMPANIES ACT, 2013 FOR ADVANCING LOANS, GIVING GUARANTEES, OR PROVIDING SECURITY AND AUTHORIZATION TO DIRECTORS TO EXECUTE RELATED DOCUMENTSSpecial100.00% for0.00% against
Against: promoters 0.00% · other public 0.00%
Turnout: all 100.00% · promoters 100.00% · other public 100.00%
APPROVAL FOR MATERIAL RELATED PARTY TRANSACTION(S) WITH TANDHAN POWER TECHNOLOGIES PRIVATE LIMITED UNDER SECTION 188 OF THE COMPANIES ACT, 2013 AND REGULATION 23 OF THE SEBI (LISTING OBLIGATIONS AND DISCLOSURE REQUIREMENTS), 2015 AND IND AS 24MoreLess
OrdinaryPromoters have an interest in it100.00% for0.00% againstAgainst: promoters 0.00% · other public 0.00%
Turnout: all 18.17% · promoters 0.00% · other public 100.00%
- APPROVAL FOR CHANGE OF NAME OF THE COMPANYSpecial100.00% for0.00% against
Against: promoters 0.00% · other public 0.00%
Turnout: all 100.00% · promoters 100.00% · other public 100.00%
- APPROVAL FOR SHIFTING OF REGISTERED OFFICE OF THE COMPANY FROM THE STATE OF GUJARAT TO THE STATE OF WEST BENGALSpecial100.00% for0.00% against
Against: promoters 0.00% · other public 0.00%
Turnout: all 100.00% · promoters 100.00% · other public 100.00%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Fines
Reported in the filing for the quarter to Jun 2026.
- Fine or penaltyBSE LimitedSince 30 Jun 2026
Fine Levied of Rs. 10,000 plus 18% GST
Regulation 33- Non-submission of the financial results within the period prescribed under this regulation.
In the company's own words, from its latest governance filing.
Investor complaints and compliance
Quarter by quarter.
Investor complaints received and resolved, the company's own count
- Received
- Resolved
Open at the quarter's end
- The board is made up as the listing rules require
- Yes
- The board has a regular chairperson
- Yes
- The company has a risk management committee
- No
- The chair is related to the managing director
- Yes
- The filing has a part on fines and penalties
- Yes
- The filing has a part on tax disputes
- No
- There was a cyber security incident in the quarter
- No
The company's own answers in its filing.
How money raised was used
Reported for the quarter to Jun 2026. A preferential issue sells new shares to chosen investors rather than to the public. A warrant or partly paid issue plans the whole issue while the money comes in over time, so the amount set aside can be more than raised so far.
| Raised | Amount raised | For | Set aside | Spent | Spent elsewhere | Reason and comments |
|---|---|---|---|---|---|---|
| Preferential IssuesMar 2026, checked by Infomerics Valuation and Rating Limited | 75.16 | To make investments in the Company's wholly-owned subsidiaries for its step-down wholly owned subsidiary for meeting the working capital requirements of such step-down subsidiary. | 10.00 | 10.00 | No | Audit committee: No Deviation or Variation in use of funds raisedAuditors: No Deviation or Variation in use of funds raised |
| Preferential IssuesMar 2026, checked by Infomerics Valuation and Rating Limited | 75.16 | To make investments in the Company's wholly-owned subsidiaries for its step-down wholly owned subsidiary for meeting the working capital requirements of such step-down subsidiary. | 29.20 | 29.20 | No | Audit committee: No Deviation or Variation in use of funds raisedAuditors: No Deviation or Variation in use of funds raised |
| Preferential IssuesMar 2026, checked by Infomerics Valuation and Rating Limited | 75.16 | To make investments in the Company's wholly-owned subsidiaries to meet their working capital requirements and that of the Company’s; | 17.10 | 17.10 | No | Audit committee: No Deviation or Variation in use of funds raisedAuditors: No Deviation or Variation in use of funds raised |
| Preferential IssuesMar 2026, checked by Infomerics Valuation and Rating Limited | 75.16 | To meet expenses related to the Issue; and | 0.12 | 0.12 | No | Audit committee: No Deviation or Variation in use of funds raisedAuditors: No Deviation or Variation in use of funds raised |
| Preferential IssuesMar 2026, checked by Infomerics Valuation and Rating Limited | 75.16 | For general corporate purposes of the Company and its subsidiaries. | 18.74 | 18.74 | No | Audit committee: No Deviation or Variation in use of funds raisedAuditors: No Deviation or Variation in use of funds raised |